REPUBLICAN  ECONOMY. 


PAYING  OFF  THE  DEMOCRATIC  PUBLIC  DEBT! 


p  ,61 1,034,754,43!!! 


GREAT  REDUCTION  OF  TAXES! 


IMPORTANT  FACTS  FROM  OFFICIAL  SOURCESt 


When  the  Kepublican  party  came  into  power,  in  1861,  they  found  a  tremend¬ 
ous  Democratic  rebellion  on  their  hands,  a  rebellion  which  the  Democratic  party 
had  been  thirty  years  threatening  and  four  years  organizing . 

This  unjust  and  wicked  war  begun  in  the  interest  of  slavery,  and  its  terrible 
burden  of  debt  and  taxation  is  the  legacy  which  the  Democratic  administration 
of  James  Buchanan  bequeathed  to  the  Republican  party.  They  accepted  the 
bequest  from  necessity,  and  went  to  work  with  heroic  energy  and  unparalleled 
patriotism  to  discharge  the  terrible  trust  thus  imposed  upon  them  by  the  ene¬ 
mies  of  the  country. 

After  four  years  of  bloody  war,  in  which  three  hundred  thousand  patriots 
sacrificed  their  lives,  an  equal  number  were  maimed  for  life,  and  a  million  of 
widows  and  orphans  made,  the  loyal  men  who  are  now  acting  with  the  Repub¬ 
lican  party  put  down  the  rebellion  and  saved  the  Government. 

In  accomplishing  this  greatest  and  holiest  work  that  ever  patriots  undertook, 
beside  the  sacrifice  of  life  and  limb  it  involved,  and  the  misery  it  brought  into 
every  family  in  the  land,  they  were  compelled  to  expend  thousands  of  millions 
of  dollars. 

The  following  tables,  compiled  from  the  Annual  Reports  of  the  Secretary  of 
the  Treasury,  and  that  of  Mr.  Treasurer  Spinner,  one  of  the  most  faithful,  effi¬ 
cient,  and  competent  officers  in  the  Government  service,  will  exhibit  at  a  glance 
the  whole  cost  of  the  great  Democratic  Rebellion,  from  what  sources  the 


iRoney  ^yas  drawn,  and  how  it  has  been  expended.  We  challenge  for  it  th.9 
closest  scrutiny : 


EXPENDITTJEE  OF  THE  WAR  DEPARTMENT. 

Z  8o0,  Buchanan’s  last 

year .  $16,409,737  00 


1861,  Lincoln's  1st  year 
186^,  “  2d  ■ 

1863,  3d 

1864,  “  4th 

1865,  Johnson’s  1st 

1866,  “  2d 

a 


1867, 

1 868, 


3d 

4th 


a 

ti 

u 

li 

u 

i! 


$22,981,150  44 
394,368,407  36 
599,298,600  83 
690,791,842  97 
1,031,323,360  79 
284,449,701  82 
95,224,415  63 
56,713,410  00 


Total  for  eight  years,  $3,175,150,889  84 


EXPENDITURE  OF  THE  NAVY  DEPARTMENT. 

1860,  Buchanan’s  last  * 

year .  $11,514,964  96 


1861,  Lincoln’s  1st  year 

1862,  “  2d 

1863,  3d 

1864,  “  4th 


1865,  Johnson’s  1st 

1866,  2d 
“  3d 


1867. 

1868, 


a 


4th 


<  i 
ft 
i( 

a 

<  i 
(i 

a 


$12,420,887  67 
42;668,277  09 
63,221,963  64 
85,725,994  67 
122,612,945  29 
43,324,118  52 
31,034,011  04 
25,775,502  00 


Total  expenditure  for  the  Army  and  Navy . 

Deduct  expense  of  War  and  Navy  Departments  in  times  of 
peace — $28,000,000  a  year,  or  for  8  years . 


426,783,699 

92 

3,175,150,889 

84 

$3,601,934,589 

76 

224,000,000 

00 

$3,377,934,589 

76 

Total  expense  of  Army  and  Navy  during  the  war .  $3,377,934,589  76 

Thus  it  will  be  seen  that  it  has  cost  the  people  THEEE  THOUSAND 
THREE  HUNDRED  AND  SEVENTY-SEVEN  MILLIONS  NINE 
HUNDRED  AND  THIRTY-EOUR  THOUSAND  FIVE  HUNDRED 
AND  EIGHTY-NINE  DOLLARS  fo  save  their  Government  from  the  treas- 
jrMble  conspiracy  of  the  Democratie  party.  When  the  war  closed  in  1865,  the 
national  debt  w’as  $2,757,253,427,  shotving  that  while  prosecuting  the  war  for 
:he  Union  the  Republicans  had  actually  paid  of  this  expense  $620,681,102  76, 
(SIX  HUNDRED  AND  TWENTY  MILLIONS  SIX  HUNDRED  AND 
EIGHTY-ONE  THOUSAND  ONE  HUNDRED  AND  SIXTY-TWO 
DOLLARS  AND  SEVENTY-SIX  CENTS !)  Else  this  national  debt  would 

just  that  amount  larger  than  it  is  now,  and  the  people  would  be  compelled 
to  pay  $37,000,000  (THIRTY-SEVEN  MILLIONS  OF  DOLLARS)  of 
Taxes  annually  more  than  they  now  pay.  But  since  that  time  the  Public  debt 
has  been  largely  diminished,  as  the  following  comparisons  will  show  : 

Debt  July  31,  1865 .  $2,757,253,427  00 

Debt  July  31,  1868 .  2,490,324,843  00 

Amount  of  debt  paid  since  1865 .  $266,928,584  00 

Pail  during  the  war .  620,681,162  76 

Total  amount  paid  since  the  war  begun .  $887,609,746  76 

Let  it  he  kept  constantly  before  the  Taxpayers  of  this  country  that  the  Republi¬ 
can  party  not  only  carried  on  this  bloody  four  years’  war  begun  by  the  Democ¬ 
racy  against  the  Union,  hut  that  they  paid  from  the  receipts  they  provided 
measures  for  bringing  into  the  Treasury  more  than  EIGHT  HUNDRED  AND 
EIGHTY-SEVEN  MILLIONS  OF'  DOLLARS,  saving  to  the  people  the 
interest  on  this  vast  sum,  which  would  amount  to  more  than  FIFTY  MIL- 
LIONS  OF  DOLLARS  A  YEAR.  Thus  they  are  rapidly  paying  off  this 
Democratic  National  Debt,  and  every  year  lessening  the  amount  of  taxation  for 
interest.  But  this  is  very  far  from  being  the  full  amount  paid  by  the  Republi- 
ncan  party  since  they  came  into  power.  In  addition  to  this  vast  sum  of  $887y- 


I 


3 


<6095746  76,  they  have  paid  the  following  enormous  sums  in  mterest  on  tki 
DEMOCRATIC  NATIONAL  DEBT : 


186G .  133,067,741  67 

1867 .  143,781,591  91 

18G8 .  141,635,551  13 


3862  .  $13,190,324  45 

3863  .  24,720,846  58 

1864 .  53,685,421  69 

3865 .  77,397,712  00 

Total  amount  of  interest  paid .  $587,479,189  47 

Add  amount  paid  on  principal  of  debt .  887,609,746  76 

Total  amount  of  principal  and  interest  paid . $1,475,088,936  IG 

AGGREGATE  PAYMENTS  FOR  EIGHT  YEARS. 

Nor  is  this  all.  In  addition  even  to  these  enormous  payments,  they  har^ 
paid  the  still  further  amount  for  Pensions  and  Indians,  exhibited  in  the  follow 
ing  table: — (See  Secretary’s  Report  for  1862-’68,  inclusive.') 

1862,  Pensions  and  Indians .  $3,102,985  50 


1863, 

1864, 

1865, 

1866, 

1867, 

1868, 


( ( 


(< 


(< 


a 
(< 
<  t 

n 

u 

a 


estimated 


5,982,906  42 
7,840,314  81 
14,258,575  36 
18,852,416  91 
25,579,063  48 
30,000,000  00 


Total  in  pensions,  &c.,  in  seven  years .  $105,616,282  50 

Add  amount  paid  on  public  debt .  887,609,746  76 

Add  interest  paid  on  public  debt .  587,479,189  43 

Total  of  debt,  interest,  pensions,  &c.,  paid . $1,580,725,218  69 

Here  is  the  almost  incalculable  sum  of  ONE  THOUSAND  FIVE  HUN 
DEED  AND  EIGHTY  MILLIONS  SEVEN  HUNDRED  AND  TWEN¬ 
TY-FIVE  THOUSAND  TWO  HUNDRED  AND  EIGHTEEN  DOL 
LARS,  which  the  Republican  party  have  paid  in  interest  on  the  national  debt. 
on  the  principal^  for  pensions,  &c.,  all  in  seven  years,  and  this,  too,  notwitii- 
standing  the  disgraceful  fact  that  the  Government  has  been  swindled  out  of  not  fejs 
than  THREE  HUNDRED  MILLIONS  OF  DOLLARS  through  the  c^rrip: 
Demoeratw  combination  known  as  the  Whisky  ring.”  But  for  the  men  who  are 
so  bitterly  assailing  the  Republican  party  for  a  debt  growing  out  of  their  own 
treason^  the  national  debt  would  be  full  three  hundred  millions  of  dollars 
less  than  it  is,  and  the  people  would  be  saved  EIGHTEEN  MILLIONS  C^F 
DOLLARS  annually, /a?’  which  they  now  have  to  be  taxed  to  pay  the  interest  oa 
that  sum,  of  which  the  Government  and  people  are  thus  robbed. 

No  party  that  ever  existed  either  in  this  country  or  any  other,  in  this  or  any 
other  age  of  the  world,  has  shown  such  fidelity  to  the  people  as  the  Repuhlieai:. 
party.  The  figures  given  above — all  taken  from  official  sources,  and  all  o 
which  are  entitled  to  implicit  credit — constitute  the  most  remarkable  record  o 
fidelity,  integrity,  skill,  and  patriotism  ever  written. 

But  there  are  still  other  facts  which  exhibit  the  economy,  fidelity,  and  iicri’ 
esty  of  the  Republican  party  in  quite  as  prominent  a  light,  if  not  so  important 
in  themselves.  These  have  reference  to  the 

CIVIL  LIST  FOR  EIGHT  YEARS. 


1860,  Buchanan .  $45,790,058 


1861,  Lincoln . . .  $25,081,510 

1862,  “  .  21,408,491 

1863,  “  .  23,253,922 


1864, 


27,800,409 


1865,  Johnson . $40,346,553 

1866,  “  42,420,826 

1867,  “  52,098,121 

1868,  52,755,02.? 

Total  expenditure  since  1861,  $285,164/?54 


i~ri  r  n 


4 


Showing  an  average  annual  expenditure  of  $35,677,459,  (THIRTY-FIVE 
MILLION  SIX  HUNDRED  AND  SEVENTY-SEVEN  THOUSAND 
FOUR  HUNDRED  AND  FIFTY-NINE  DOLLARS,)  and  an  average 
annual  saving,  as  compared  with  Buchanan’s  last  year,  of  $10,112,509,  (TEN 
MILLION  ONE  HUNDRED  AND  TWELVE  THOUSAND  FIVE  HUN¬ 
DRED  AND  NINETY-NINE  DOLLARS,)  or  more  tAa?!  EIGHTY  MIL¬ 
LIONS  OF  DOLLARS  in  the  eight  years  since  Lincoln’s  election.  There  is  an¬ 
other  remarkable  fact  connected  with  this  table  besides  the  evidence  it  furnishes 
of  Republican  economy  and  honesty.  A  comparison  of  the  expenditures  during 
the  four  years  of  Mr.  Lincoln’s  administration  (who  had  no  use  for  the  tribe  of 
McCrackens)  wuth  the  four  years  of  Mr.  Johnson’s  will  reveal  a  very  remarkable 
decrease  during  that  period,  and  a  still  more  remarkable  increase  after  his  death., 
when,  hy  the  treachery  of  the  latter  the  administration  loent  into  the  hands  of  the 
rebel  Democracy,  and  Congress  lost  control,  in  a  greed  measure,  over  the  disburse¬ 
ments  of  that  branch  of  the  Government. 

While  the  average  expenditures  of  the  Government  for  the  civil  and  diplo¬ 
matic  service  during  Lincoln’s  four  years  is  only  $24,386,000,  (TWENT  Y- 
FOUR  MILLIONS  THREE  HUNDRED  AND  EIGHTY-SIX  THOU¬ 
SAND  DOLLARS,)  for  the  four  years  under  Johnson  they  average  $47,000,- 
000  (FORTY-SEVEN  MILLION  DOLLARS.  The  whole  eighty  millions 
OF  DOLLAES  wcis  saved  by  a  Republican  President,  while  Johnson,  ivith  true  Dem¬ 
ocratic  prodigality  and  disregard  of  the  people’s  rights,  increased  the  expenses 
iully  up  to  the  old  Buchanan  standard. 


REDUCTION  OF  INTERNAL  REVENUE  TAX. 

Bat  all  the  time  the  Republican  Congress  has  been  paying  off  the  principal 
of  the  Public  Debt,  the  interest,  pensions,  &c.,  amounting  to  about  $1,600,- 
'000,000,  (ONE  THOUSAND  SIX  HUNDRED  MILLION  DOLLARS ;) 
and  while  reducing  this  burden  by  lessening  the  interest  to  be  paid,  they  have 
also  been  abating  the  Internal  Revenue  Tax.  By  act  of  February  3d,  of  this 
year,  and  of  March  31st,  taxes  upon  various  branches  of  industry,  upon  incomes, 
&c.,  were  abated  to  the  amount  of  SIXTY-SEVEN  MILLIONS  TWO 
HUNDRED  THOUSAND  DOLLARS.  The  following  table,  showing  the 
amount  of  revenue  annually  received  since  the  passage  of  the  law  creating 
the  Internal  Revenue  Department,  wull  show  how  rapidly  the  taxes  from  that 
source  have  been  diminishing  : 

ror-1863 .  $41,003,192  93  For  186G . .  310,906,984  17. 

For  1864 . 117,145,748  52  For  1867 .  265,920,474  65 

For  1865 .  21i;i29,529  17  For  1868 .  191,087,589  14 

Mr.  Commissioner  Wells  estimates  that  the  various  Days  passed  by  the 
Republican  Congress  since  the  Avar  closed  Avill  diminish  the  taxes  of  the  people 
annuallv  $167,269,000  (ONE  HUNDRED  AND  SIXTY-SEVEN  MIL¬ 
LION  two  HUNDRED  AND  SIXTY-NINE  THOUSAND  DOLLARS.) 

By  the  system  of  internal  revenue  AAdiich  prevailed  at  the  close  of  the  Avar, 
taxation  may  be  said  to  have  been  almost  universal  ;  land,  agricultural  pro¬ 
duce,  unmanufactured  lumber,  breadstuffs,  and  a  feAV  other  forms  of  property  or 
products  only  being  excepted.  An  aggregate  of  ten  thousand  distinct  articles 
or  products  made  available  as  sources  of  internal  revenue  in  July,  1865,  Avould 
probably  bo  an  under  rather  than  an  over  estimate.  At  the  present  time,  of  all 
manufactured  articles  of  products  of  industry,  the  folloAving  only  are  subject  to 
specific  or  direct  taxation:  distilled  spirits,  fermented  liquors,  manufactured 
tobacco,  gas,  matches,  playing-cards.  Since  July,  1865,  the  additional  tax  of 
five  per  cent,  on  incomes  in  excess  of  $5,000  has  been  repealed,  and  the  exemp¬ 
tion  in  all  incomes  has  been  increased  from  $600  to  $1,000.  The  taxation  for- 


5 


merly  imposed  on  the  gross  receipts  accruing  from  the  transportation  of  mer¬ 
chandise  has  also  been  entirely  removed. 

STATEMENT  OF  THE  PUBLIC  DEBT  FOR  EIGHT  YEARS. 

As  a  convenient  matter  of  reference,  a  statement  of  the  Public  Debt  from  1860 
to  1863,  inclusive,  is  given  as  follows  : 


1860  . $  64,769,703  08 

1861  .  90,867,828  68 

1862  .  514,211,371  92 

1863  . ■ .  1,098,793,181  37 

1864  .  1,740,690,498  49 

It  will  be  seen  from  this  table  that  the  Public  Debt  reached  its  highest  point 
in  18G6,  the  year  after  the  close  of  the  war,  in  consequence  of  the  large  amount 
which  had  to  be  raised  that  year  to  meet  liabilities  that  had  previously  accrued. 


It  was  then . . . $2,783,425,879 

Deduct  debt  due  July  31,  1868,  (no  report  for  June,  1868,J ....  2,490,324,848 


Amount  of  debt  really  paid  since  the  war .  $293,101,027 

Amount  paid  since  1865 .  266,928,427 


This  will  show  that  the  Eepublicans  have  paid  $26,172,000  more  of  the  pub¬ 
lic  debt  since  the  war  closed  than  they  have  ever  had  credit  for.  They  may 
safely  rest  satisfied,  however,  with  the  less  favorable  statement  which  has  already 
been  given  on  page  2.  But  they  have  a  right  to  lay  claim  to  the  payment  of 
several  items  not  yet  enumerated,  which  do  not  belong  to  the  ordinary  expenses 
of  the  Government,  but  most  of  which  have  fjroim  out  of  and  are  chargeable 
to  this  Democratic  Rebellion.  They  may  be  stated  thus : 


Refunded  State  expenses  for  the  war .  $10,330,000 

Paid  for  property  destroyed  during  the  war .  11,000,000 

Paid  for  Alaska,  (reduced  to  greenbacks,) .  10,000,000 


1865  . July  31  $2,757,252,275 

1866  .  2,783,425,879 

1867  . . .  2,692,199,215 

1868  . July  31  2,490,324,848 


Paid  in  all  .  $31,330,000 

JRecapitidation. 

Shovring  amount  actually  paid  by  the  Republican  Administration  in  8  years 

Paid  towards  cost  of  Rebellion .  $887,609,282  50 

Paid  interest  on  debt .  $587,479,189  43 

Paid  State  advances  for  the  war .  10,330,000  00 

Paid  Pensions  and  Indians .  105,616,282  50 

Paid  Alaska  purchase,  (currency  value,) .  10,000,000  00 

Paid  Property  destroyed  by  war,  &c .  10,000,000  00 

- ; -  $723„425,471  93 

Total  actual  payment .  $1,611,034,754  43 

In  gmng,  on  a  previous  page,  what  is  stated  to  be  the  entire  amount  which 
this  stupendous  Democratic  Rebellion  has  cost  the  country,  ($3,377,934,689  76,) 
neither  the  Interest  which  the  Republicans  have  paid,  the  amount  paid  for  Pen¬ 
sions,  nor  the  amount  refunded  to  loyal  States,  were  added,  as  they  should  be, 
to  show  the  whole  expenses  of  the  war.  These  items,  as  will  be  seen  by  refer¬ 
ence  to  the  table  on  this  page,  amount  to  $723,425,471  93,  which  will  swell  the 
grand  total  to  the  stupendous  sum  of  $4,101,881,070  66  which  the  rebellion  cost. 
The  taxpayers  have  paid  very  nearly  half  this  amount.  But  they  must  con¬ 
tinue  to  pay  in  interest,  pensions,  bounties,  &c.,  for  an  indefinite  period,  TWO  > 
HUNDRED  MILLIONS  OF  DOLLARS  a  year  as  the  inevitable  neces¬ 
sary  expense  of  the  four  years'  struggle  of  the  Democratic  party  to  destroy  this 
Government.  More  than  FOUR  TPIOUSAND  MILLIONS  OF  DOLLARS 


6 


the  people  of  this  country  have  already  paidy  or  have  yet  to  pay,  besides  liearly 
an  equal  amo  unt  in  interest,  before  the  debt  shall  be  extinguished,  as  the  cost  of  that 
wicked,  unprovoked,  and  infamous  Rebellion. 

EXPENSES  OF  PECONSTKUCTIOX  AND  FPEEDMEN’s  BUEEAU. 

But  even  this  sum,  enormous  as  it  is,  does  not  include  the  State,  county,  and 
municipal  expenditures  in  raising  troops,  which  have  not  been  assumed  by  the 
national  Government.  Is  or  does  it  include  the  vast  expenditures  of  individuals 
and  commissions  for  the  care  of  the  sick  and  wounded  and  of 'the  families  of 
those  who  went  forth  to  battle,  all  of  which  may  be  estimated  at  .not  less  thoui 
$300,000,000,  and  all  to  be  charged  to  the  Democratic  rebellion. 

In  view  of  these  terrific  facts,  and  the  further  fact  that  the  Dembcratie  jyarty 
for  three  years  has  contmued  through  its  leaders  to  defraud  the  Government  out 
of  full  ONE  HUNDRED  MILLIONS  a  year  of  the  whisky  tax,  besides  its 
other  stupendous  frauds,  what  can  be  more  knavish,  contemptible,  and  disgrace- 
fiil  than  the  terrible  contortions  and  affectations  of  horror  over  alleged  extrava¬ 
gance  in  the  Freedmen’s  Bureau,  amounting  to  a  few  hundred  thousand  dollars 
in  all,  since  its  organi^tion  ?  These  charges  are  proved  to  be  as  false  as  the  trai¬ 
tors  who  make  them,  by  the  following  official  statement  in  regard  to  the  Freed¬ 
men’s  Bureau  expenses : 

According  to  the  accounts  of  the  Treasury  the  expenses  of  the  Freedmen’s  Bureau, 


rince  its  organization  in  1866,  have  been  as  follows ; 

Disbursements  prior  to  June  30,  1867 .  S2,402,00{i' 

Disbursements  from  July  1,  1867,  to  June  30,  1868 .  3,215,000 


Total . .  $5,617,000 


Concerning  the  proportion  of  this  expenditure  incurred  by  the  Bureau  for  the  relief 
of  the  starving  and  destitute  of  both  races,  and  for  educational  and  other  piirnosee, 
the  Treasury  has  no  information.  "  • 

According  to  the  account  of  the  Treasury,  the  expenditures  contingent  upon  the  acts 
of  Congress  regulating  “  Reconstruction,”  have  been  as  follows: 


Disbursements  prior  to  June  30,  1867 .  $145,430  56 

Disbursements  from  July  1,  1867,  to  June  30,  1868 .  1,799,270  00 

Total .  $1,944,700  56 


And  this  amount,  comparatively  small  as  it  is  for  the  great  work  it  has 
accomplished,  grows  out  of  and  is  one  of  the  necessities  of  the  rebellion,  and  must, 
therefore,  be  placed  to  the  credit  of  the  Behel-Cog)p)erhead  Democracy  w'ith  all 
their  other  enormities. 


TOTAL  RECEIPTS  AND  EXPENDITURES  FOR  EIGHT  YEARS 


From  all  sources,  including  loans  and  Treasury  notes, 
nage  120,  for  the  vear  1867.) 


Total  Receipts. 

1861  .  $88,694,572  03 

1862  . ;  589,197,417  72 

1863  .  888,082,128  05 

1864  .  1,408,474,234  51 

1865  .  1,826,075,227  14 

1866  .  1,270,884,178  11 

1867  .  1,131,060,920  56 

1868  .  1,075,324,046  89 


(See  Finance  lieporf, 


Total  Expenses. 
$90,012,449  79 
578,376,242  79 
895,796,630  65 
1,313,157,872  94 
1,925,052,347  30 
1,196,798,829  23 
1,093,079,655  27 
1,114,464,501  11 


Total  for  eight  years .  $8,277,802,725  01 

Expenses  for  eight  years. .  8,206,738,529  08 


$8,206,738,529  OS- 


Excess  of  receipts 


$71,064,195  93 


This  shows  an  excess  of  receipts  over  expenditures  during  the  whole  period 
of  the  war  of  $71,064,195  93,  which  shows  we  have  not  only  met  all  our  obli¬ 
gations,  but  have  a  handsome  balance  on  the  right  side  of  the  Ledger! 

Ordinary  Receipts. 

Table  of  the  receipts  of  the  Government  from  ordinary  sources,  (exclusive  of 
loans,  &c.,)  for  the  same  period : 


1861  .  $44,974,190  53 

1862  .  51,937,720  76 

1863  .  124,443,313  29 

1864  .  260,632,717  44 

1866 .  329,567,880  66 


1866  .  556,082,620  06 

1867  .  490,634,610  27 

1868  . 1 .  615,505,746  89 


Total . $2,473,778,805  90 


Receipts  from  Bonds. 


1861 .  $41,861,000  00 

1862....' .  529,692,000  00 

1863  .  776,682,000  00  | 

1864  . : .  618,115,000  00  | 

1865  .  1,472,224,000  00  I 


1866, 

1867. 

1868. 


Total, 


fch  fiscal 
forward. 


Note. — The  aggregate  balances  remaining  in  the  Treasury  at  t 
year  (amounting  to  $552,344,610  30)  from  1802  to  1868,  inclusive,  we 
and  thus  the  ditference  between  the  total  apparent  receipts  and  actual  re’Ceipts  from  bonds 
and  ordinary  sources  is  accounted  for. 

These  tables,  exhibiting  the  entire  receipts  of  the  Government  from  all 
sources,  and  also  its  expenditures  during  and  since  the  war ;  the  receipts  of  the 
Government  from  the  sale  of  bonds,  or  from  loans  and  Treasury  notes,  and  then 
its  receipts  from  ordinary  sources,  shovv  at  a  glance  the  stupendous  expense  of 
THE  GREAT  SLAVEHOLDERS,  OR  DEMOCRATIC,  REBELLION, 
and  should  be  carefully  studied  by  every  taxpayer  in  the  land.  While  studying 
them  let  the  people  who  have  to  foot  the  bills  run  up  against  the  Government 
remember  that  they  were  caused  hy  the  men  and  the  ymrty  who  are  supporting 
Setxour  and  Blair,  and  threatening  another  just  such  rehellion  if  they  succeed.. 

REDUCED  EXPENSES  FOR  1868. 


There  is  still  another  table  the  people  should  carefully  study,  for  it  will  show 
them  that,  while  the  Democratic  party  by  their  treason  caused  an  annucd  expendi¬ 
ture  of  a  THOUSAND  MILLIONS  OF  DOLLARS  FOR  FOUR  YEARS, 
a  Republican  Congress  has  reduced  it  to  ONE  HUNDRED-  AND  SEVEN 
MILLIONS  OF  DOLLARS,  which,  reduced  to  gold,  is  five  millions  less  than  the 
old  Democratic  standard  before  the  war.  The  followung  are  the  appropriations 
for  the  ordinary  expense  of  tlie  Ooveniment  for  the  present  fiscal  year : 


Executive,  legislative,  and  judicial,  embracing  all  Departments 

salaries  and  expenses .  $17,480,000  00 

Pot  the  Army .  33,081,013  10 

For  the  Navy .  17,500,000  00 

West  Point  Military  Academy .  302,000  00 

Consular  and  Diplomatic  service .  1,206,434  00 

Post  Office  Department .  2,500,000  00 

Indian  Bureau,  treaties,  &g .  2,500,000  4)0 

Rivers  and  harbors .  4,700,000  00 

Collecting  the  Revenue .  9,969,000  00 

Sundry  Civil  Expenditures  connected  with  the  various  Departments,  6,020,000  00 

Miscellaneous  expenses  of  all  kinds,  including  cost  of  certain  pub¬ 
lic  buildings  throughout  the  country,  expense  of  closing  up 

Preedmen’s  Bureau,  &c .  9,000,000  00 

Deficiencies  of  various  kinds  in  the  different  appropriations .  2,560,000  00 


Making  a  total  of 


$106,818,447  00 


8 


era 
leade’ 

SixtH? 
Convention 


WHY  THE  DEMOCRATIC  PARTY  SHOULD  NOT  BE  TRUSTED. 

First.  That  the  Democratic  party  forced  upon  the  country  and  the  Eepubli- 
ean  Administration  an  expenditure  of  more  than  FOUR  THOUSAND  MIL¬ 
LIONS  OF  TREASURE. 

Second.  That  the  rebellion  was  begun  for  the  express  purpose  of  overthrow¬ 
ing  Republican  Institutions,  and  establishing  upon  their  ruins  a  Slaveholding 
Oligarchy ;  and,  that  all  the  burdens  of  national  taxation,  past,  present,  and 
prospective,  are  the  necessary  consequences  of  the  Democratic  rebellion. 

Third.  That  the  vast  sacrifice  of  life  on  the  battle-field,  and  in  the  hospitals 
and  prisons,  is  justly  chargeable  to  the  treasonable  action  and  purposes  of  the 
Democratic  leaders. 

Fourth.  That  in  prejiaration  for  this  rebellion,  the  Avhole  power  of  the  last 
Detnocrcdic  Administration  was  exhausted,  the  public  Treasury  plundered,  the 
Navy  scattered  or  dismantled,  and  the  Army  placed  under  command  of  traitors 
and  quartered  beyond  the  reach  of  the  incoming  Administration,  and  within 

pntem  plated  revolutionary  government, 
acts  were  done  in  obedience  to  the  orders  of  the  Demo- 
by  the  advice  and  with  the  approval  of  the  Democratic 
11  of  the  country. 

Tsame  leaders  controlled  the  late  Democratic  Nominating 
:ed  its  platform,  and  designated  its  candidates. 

Seventh.  That  these  same  leaders,  by  their  public  orators  and  press,  declare 
it  to  be  their  settled  policy  {hat  Democratic  success  shall  restore  to  the  late 
rebels-in-arms  supremacy  in  the  government  of  the  States  and  the  nation ;  and 
that  all  that  was  lost  by  rebel  defeat  on  the  battle-field  shall  be  regained,  by  the 
election  of  the  Democratic  candidates. 

Eighth.  That  they,  the  Democratic  rebel  leaders,  promise  only,  as  the  conse¬ 
quence  of  their  triumph,  the  renewal  of  the  war,  the  destruction  of  the  reorgan¬ 
ized  States,  and  the  overthrow  of  the  popular  representative  branch  of  the  Gov¬ 
ernment,  or  its  subjection  to  executive  will  and  dictation. 

WHY  THE  REPUBLICAN  PARTY  SHOULD  BE  TRUSTED. 

First.  That  of  all  its  millions  not  one  man  was  a  traitor ;  every  man  stood 
firmly  by  liberty  and  the  Union. 

Seeond.  That  its  civil  administration  of  the  Government,  notwithstanding  the 
exigencies  of  the  war,  has  saved  to  the  people,  as  compared  with  Democratic  rule, 
$80,000,000  within  the  last  eight  years,  being  an  average  of  $10,000,000  per  year. 

Third.  That  it '  has  actually  paid  and  cancelled  within  eight  years  nearly  one 
thousand  seven  hundred  millions  of  dollars  of  the  liabilities  incurred  by  the  war; 
and  since  the  close  of  the  war,  while  steadily  reducing  the  public  taxes,  it  has 
also  reduced  the  public  debt  from  $2,757,253,427,  in  1865,  to  $2,490,324,843,  in 
1868,  being  an  aggregate  for  three  years  of  $267,000,000,  or  $89,000,000  per  year. 

Fourth.  That  for  the  present  year  a  reduction  of  taxation  to  the  amount  of 
$67,000,000  has  been  made,  and  more  than  10,000  articles  of  product  and 
manufacture  have  been  'withdrawn  from  the  tax  lists. 

Fifth.  That  but  for  the  obstinacy  of  the  Democrats  in  Congress,  and  of  their 
pliant  tool,  Andrew  Johnson,  a  reduction  of  interest  upon  the  public  debt 
amounting  to  at  least  $40,000,000  per  annum  w^ould  have  been  provided  for. 

Sixth.  That  the  Republican  party,  by  its  candidates  and  platform,  is  irrevo¬ 
cably  pledged  to  economy,  to  the  maintenance  of  the  public  faith,  the  preser¬ 
vation  of  the  peace  and  unity  of  the  States,  and  the  liberty  and  prosperity  of 
the  people ;  that  all  its  pledges  in  the  past  have  been  redeemed,  affording  the 
best  guaranty  of  their  value  in  the  future. 

PRINTED  AT  THE  OFFICE  OF  THE  GREAT  REPUBLIC,  -WASHINGTON,  D.  C. 


